Stirling Properties Celebrates Team Members at Annual Stirling Honors Event
Stirling Honors – 40 Year Toast
Stirling Properties officially celebrated the company’s 40th anniversary during Stirling Honors, an annual event to celebrate the Stirling Team. On Thursday, March 19th, the company hosted a Commercial Celebration Dinner to honor Commercial Agents and to award Commercial Production Awards. On Friday, March 20th, Stirling Properties hosted the Stirling Honors meeting and recognition luncheon, a day to honor the hard work and dedication of the entire Stirling Team and to award Service Awards. Both events were held at Harrah’s Hotel in New Orleans. Commercial Award recipients received recognition for Bronze, Silver, Platinum, Diamond and Ruby production levels based on individual Adjusted Gross Commission figures for 2014. This was the first time in Stirling Properties’ history that four agents reached Ruby Level status in the same year. Special recognition was given to Ryan Pecot, Senior Leasing Executive in the Lafayette office, for being the Top Agent in 2014.
Ruby Award 2014:
Diamond Award 2014:
Platinum Award 2014:
Silver Award 2014:
Bronze Award 2014:
Also recognized were employees and agents who achieved special anniversaries with the company. Service Awards were given to 5, 10, 15, 25 and 30 year milestones. 30 Years: Sharon Amacker – Covington, LA Office Donna Taylor – Covington, LA Office 25 Years: Jeff Marshall – Covington, LA Office Rick Skelding – New Orleans, LA Office Monica Milazzo – Covington, LA Office Dottie Tarleton – Baton Rouge, LA Office 15 Years: James Hutchinson – Baton Rouge, LA Office James Bennett – Covington, LA Office Joe Kramer – Covington, LA Office 10 Years: Roslyn Pellegrin – Covington, LA Office Mark Salvetti – Covington, LA Office Tracy Gandy – Covington, LA Office 5 Years: Jessica Zeringue – Covington, LA Office Rick Pomerenke – Lafayette, LA Office Phillip Perkins – Baton Rouge, LA Office Jim Short – Baton Rouge, LA Office Kathy McGoey – Covington, LA Office
Stirling Properties’ Beezie Landry Closes on Sale of Three Investment Properties
Stirling Properties’ Beezie Landry, Senior Sales and Leasing Executive, closed on the sale of three investment properties recently totaling over $15 million. In each of these transactions, Mr. Landry represented the Seller.
CVS
9006 Greenwell Springs Rd, Baton Rouge, LA– 13,824 SF
Patrick Luther & Matthew Mousavi of Faris Lee Investments assisted in the sale.
Buyer: Private New York based investor in a 1031 exchange.
Seller: Private Louisiana based investor
Price: $4.75 million
CVS has approximately nine years remaining in the lease as well as an option to extend the lease for up to another 20 years.
Park Plaza
3005 – 3147 Highway 14 (Gerstner Memorial Drive), Lake Charles, LA– 172,949 SF
Anchor: Conn’s
Buyer: Private Houston based investor
Seller: Weingarten Realty Investors
Price: $6 million
Value add opportunity with 40% vacancy
Woodmere Crossing
1540 Eastern Boulevard, Montgomery, AL– 42,257 SF
Co-listed with Jeff Barnes of Stirling Properties Mobile, Alabama office, as well as in connection with Auction.com.
Tenants: Petco, Books-A-Million, Jason’s Deli, and Sally Beauty Supply
Buyer: BV Belk Properties based in North Carolina
Seller: Woodmere Crossing was a lender owned property
Price: $4.4 million
Investment Sales is a linchpin to our brokerage division. Whether it’s achieving goals of a buyer or seller, Stirling can meet your needs. Our professionals are versed in asset acquisitions and dispositions of income-producing, distressed, vacant and REO properties. From institutional to private investors, we assist in finding and securing assets that have opportunities for added value and improved performance as well as assets with stabilized risk-adjusted returns.
For more information regarding Investment Sales contact Beezie Landry blandry@stirlingprop.com or 985-898-2022.
Stirling Properties’ Beezie Landry Closes on Sale of Five Investment Properties in September
Stirling Properties’ Beezie Landry, Senior Sales and Leasing Executive, closed on the sale of five investment properties in September totaling over $38 million. In each of these transactions, Mr. Landry represented the Seller.
Two single tenant Rouses Markets
2851 Belle Chasse Highway, Gretna, LA– 57,644 SF
Buyer: Rouses Market
Seller: Private New York based investor
50 Park Place, Covington, LA – 57,206 SF
Buyer: Rouse / Kingsmill, L.L.C.
Seller: Private New York based investor
Westwood Village
Southwest Corner of West Congress Street and Bertrand Drive, Lafayette, LA– 138,034 SF
Co-Listed with Charles Cornay, Senior Sales Executive for Stirling Properties
Multi-tenant grocery anchored shopping center
Anchor Tenants: Rouses Market, CVS, and Stage
Buyer: Private Lafayette based investor completing a 1031 exchange
Seller: Weingarten Realty Investors
Single Tenant Walgreens
2001 Carol Sue Avenue, Gretna, LA– 17,238 SF
Developed and sold by Stirling Properties
Brand new 25 year deal
Sold at a cap rate of 5.55%
Executed contract to closing was only 26 days
Buyer: Realty Income Corporation
Seller: Private Investor Group led by Stirling Properties
Winn Dixie
804 West Oak Street, Amite, LA– 49,771 SF
Winn Dixie recently renewed lease for 10 years
Executed contract to closing was only 22 days
Buyer: American Realty Capital Properties
Seller: Southland-Amite WD (a Chicago based investor)
“Year to date Beezie has closed on approximately $60 million in Investment Sales representing both Buyers and Sellers,” stated Chris Abadie, Vice President and Manager of Commercial Brokerage at Stirling Properties. “The clients he has represented have been publicly traded REITs as well as private investor groups on deals that include single tenant, ground leases and multi-tenant grocery anchored shopping centers.”
Investment sales is a linchpin to our brokerage division. Whether it’s achieving the goals of a buyer or seller, Stirling can meet your needs. Our professionals are versed in asset dispositions whether the property is income-producing, distressed, vacant or REO. From institutional investors to private investors, we help buyers find and secure assets that have opportunities for added value and improved performance, or assets with stabilized risk-adjusted returns.
For more information regarding Investment Sales, contact Beezie Landry blandry@stirlingprop.com or 985-898-2022.
Multiple Store Openings at Hammond Square Shopping Center
HAMMOND, Louisiana —- (JANUARY 12, 2012) Stirling Properties, developer and property manager of Hammond Square, announces the addition of CATO and Bellagio Salon & Spa to its tenant lineup.
CATO, a leading specialty retailer of value-priced women’s fashion apparel, jewelry, shoes and accessories in women’s sizes 6-26 and girl’s sizes 7-16, will open their second Hammond, LA store at 455 Palace Drive. (more…)
